Dana Corp. posts $38M Q3 loss; revenue up from Q2

11/4/2009 | Detroit News, The

Cost-savings measures helped auto supplier Dana Corp. post a third-quarter loss significantly lower than the loss in the same period a year ago, according to CEO Jim Sweetnam. Sweetnam said the company will continue to shrink its operations and restructure. It will also use a portion of $250 million in new equity to expand through acquisitions, he said.

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Detroit News, The

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